Proceedings of the Standing Senate Committee on
Banking, Trade and Commerce
Issue 16 - Minutes of Proceedings
OTTAWA, Wednesday, February 28, 2007
(32)
[English]
The Standing Senate Committee on Banking, Trade and Commerce met at 4:07 p.m., this day, in room 9, Victoria Building, the Chair, the Honourable Jerahmiel S. Grafstein, presiding.
Members of the committee present: The Honourable Senators Angus, Baker, C.P., Biron, Eyton, Fitzpatrick, Goldstein, Grafstein, Massicotte, Meighen and Moore (10).
In attendance: June Dewetering and Philippe Bergevin, Analysts, Library of Parliament.
Also in attendance: The official reporters of the Senate.
Pursuant to the Order of Reference adopted by the Senate on February 28, 2007, the committee began its study of the Bill C-26, to amend the Criminal Code (criminal interest rate).
APPEARING:
Department of Justice Canada:
Rob Moore, Parliamentary Secretary to the Minister of Justice.
Industry Canada:
Colin Carrie, Parliamentary Secretary to the Minister of Industry.
WITNESSES:
Department of Justice Canada:
William (Bill) Bartlett, Senior Counsel;
Matthew Taylor, Counsel.
Industry Canada:
Michael Jenkin, Director General, Office of Consumer Affairs;
David Clarke, Senior Analyst, Consumer Policy.
At 4:15 p.m., Mr. Carrie and Mr. Moore each made and statement and, together with the other witnesses, answered questions.
At 6:15 p.m., the committee adjourned to the call of the Chair.
ATTEST:
OTTAWA, Thursday, March 1, 2007
(33)
[English]
The Standing Senate Committee on Banking, Trade and Commerce met at 10:45 a.m., this day, in room 9, Victoria Building, the Chair, the Honourable Jerahmiel S. Grafstein, presiding.
Members of the committee present: The Honourable Senators Angus, Biron, Eyton, Goldstein, Grafstein, Massicotte, Meighen and Moore (8).
In attendance: June Dewetering, Analyst, Library of Parliament.
Also in attendance: The official reporters of the Senate.
Pursuant to the Order of Reference adopted by the Senate on February 28, 2007, the committee continued its study of the Bill C-26, to amend the Criminal Code (criminal interest rate).
WITNESSES:
As an individual:
The Honourable Madeleine Plamondon.
Alterna Savings:
Norman Ayoub, Senior Vice-President, Chief Operating Officer;
Robert A. Whitelaw, Director, Alterna Convenience Loan Project.
Canadian Payday Loan Association (CPLA):
Stan Keyes, President;
Norm Bishop, Corporate Secretary.
Rentcash Inc.:
Michael Thompson, Vice-President;
Michael Teeter, Consultant.
At 10:50 a.m., The Honourable Madeleine Plamondon made a statement and answered questions.
At 11:50 a.m., Mr. Ayoub made a statement and, together with the other witness, answered questions.
At 12:23 p.m., Mr. Keyes made statement and, together with the other witness, answered questions.
At 12:55 p.m., Mr. Thompson and Mr. Teeter each made and statement and answered questions.
At 1:30 p.m., the committee adjourned to the call of the Chair.
ATTEST:
Line Gravel
Clerk of the Committee